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Univest Financial (NASDAQ:UVSP) Hits New 1-Year High at $22.68

Univest Financial Co. (NASDAQ:UVSP - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.68 and last traded at $22.58, with a volume of 2134 shares. The stock had previously closed at $22.59.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UVSP shares. Piper Sandler raised their price target on shares of Univest Financial from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, February 1st. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $23.00 target price (up previously from $22.00) on shares of Univest Financial in a report on Friday, April 26th.

Read Our Latest Stock Report on UVSP

Univest Financial Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01. The business's fifty day moving average price is $20.20 and its 200-day moving average price is $19.97. The stock has a market cap of $661.55 million, a PE ratio of 9.46 and a beta of 0.87.

Univest Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Tuesday, May 7th. Univest Financial's dividend payout ratio (DPR) is presently 35.15%.


Hedge Funds Weigh In On Univest Financial

Several hedge funds and other institutional investors have recently modified their holdings of UVSP. FMR LLC boosted its holdings in shares of Univest Financial by 5.4% in the third quarter. FMR LLC now owns 2,556,151 shares of the financial services provider's stock worth $44,426,000 after buying an additional 130,584 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Univest Financial by 8.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,197,934 shares of the financial services provider's stock worth $26,390,000 after acquiring an additional 98,009 shares during the last quarter. Boston Partners grew its position in shares of Univest Financial by 4.7% during the 4th quarter. Boston Partners now owns 439,664 shares of the financial services provider's stock valued at $9,589,000 after acquiring an additional 19,707 shares during the period. AQR Capital Management LLC increased its stake in shares of Univest Financial by 186.3% in the 3rd quarter. AQR Capital Management LLC now owns 329,731 shares of the financial services provider's stock worth $5,731,000 after purchasing an additional 214,572 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Univest Financial by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 303,331 shares of the financial services provider's stock worth $6,682,000 after purchasing an additional 2,784 shares in the last quarter. 75.07% of the stock is owned by institutional investors.

Univest Financial Company Profile

(Get Free Report)

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.

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